NNPC Reports Massive Profit and Unveils 2030 Growth Targets in Nigeria's Oil and Gas Sector

The Nigerian National Petroleum Corporation (NNPC) reported a massive profit of N5.4 trillion for the full year ending in 2024, with revenue reaching N45.1 trillion. The company's CEO, Bashir Bayo Ojulari, highlighted the strong sales performance and operational efficiency driving this growth.

NNPC plans to invest $60 billion across the energy value chain by 2030 to enhance oil and gas production and ensure sustainable returns. Additionally, NNPC recently reduced the pump price of petrol by N10 per liter in Lagos and Abuja.

The company aims to position itself as a global energy provider capable of delivering sustainable returns to power Nigeria's future.